More evidence is created each year that the collapse is a slow process. Some people have reported on the market collapse prior to 2000 (the Y2K and “DotCom” bubble crisis), and many more since 2008 (The Great Recession). The expectations by aware people that a systemic collapse is likely at sometime in the near future continues to mount. In fact I recall reading portions of a cryptic financial book (that belonged to a co-worker) back in the 1990’s that spoke of the inevitable collapse and the rise of Black Markets in response. Not predicting a time table has been an interesting observation of predictions coming to present day experiences. Today, People are seeing what is in front of thier faces and getting a dose of smelling salts.
Please read more of the links at the bottom of this post. ~Ron
U.S. Businesses are Being Destroyed Faster Than They’re Being Created
By Christopher Ingraham 5 May 2014
The American economy is less entrepreneurial now than at any point in the last three decades. That’s the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study — 2009, 2010 and 2011 — businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011.
Read more: washingtonpost.com